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I passed also - 22211. I was a bit more confident as in level 1 - I also wrote it better as 1. I was conficent for 60 questions - for 20 I was not confident if I am correct. I am also curious what will all of you do after you passed level II?? I will first rest :) - last 2 years there were...

Thanks both, now I understand - strike is not fixed - it it ATM. Ivo

Probably I don't see something, but I really don't understand 412.1. Why is the value of the European option with maturity 2 years different than the option which starts in one year and mature one year later. Both options have the same maturity date (two years from today) and we value them on...